John J. Metzler UNITED NATIONS — Despite the persistent economic headwinds which are expected to slow economic expansion this year, “growth in the Asia and the Pacific area remains better than in any other region; continuing as an anchor of stability and a new growth pole for the world economy.” That’s the guardedly optimistic prognosis [...]
Special to WorldTribune.com LONDON — Despite reduced tension with Iran, global oil prices were expected to remain high throughout 2012. The International Energy Agency (IEA) said oil prices would remain high amid rising demand. The Paris-based agency said demand would increase in China and Japan with a decline reported in Europe and the United States. [...]
Sol W. Sanders [See Archive] Despite the fact that Europe is in the Northern Hemisphere, the downward swirl of the euro this month took a reverse direction and started going left — counterclockwise. Maybe it is the first part of the Mayan prediction that gravity will fail later this year and we will all [...]
Special to WorldTribune.com By Cliff Kincaid As part of a recent swing through several states, President Obama “flew to southeastern New Mexico to examine federal lands where 70 rigs are pumping oil,” The New York Times noted, as if this was proof of the president’s commitment to energy independence and security. A photograph during the [...]
Sol W. Sanders [See Archive Like death and taxes the conundrum of short term advantage versus long term gain is always with us, in public as well as private life. Somehow, just now, it seems to be more than usually evident in political-economic decisions before The Republic. Here are two: The Supremes, as I write, [...]
Sol W. Sanders [See Archive Imagine a graph representing world problems: There are two mounting growth lines. One represents “technology”, defined as “the application of scientific knowledge for practical purposes.” The other charts “common sense”, defined as “sound and prudent judgment based on a simple perception of the situation or facts.” At the upper corner [...]
Sol W. Sanders [See Archive] An old adage holds bureaucracies may successfully pursue their original goals for only a generation. After that their efforts go to feathering their bureaucratic nest. Freddy Mac and Fannie Mae are examples: outrageous executive compensation and payoffs to Congressional friends, all contributing to a housing bust, now requiring more billions [...]
Special to WorldTribune.com ABU DHABI — ExxonMobil expects to win major energy projects in the United Arab Emirates. The U.S. energy giant expressed confidence that it would be awarded crude oil and natural gas concessions in the UAE. The company, with two concessions in the Gulf Cooperation Council state, has been preparing for a UAE [...]
Jeffrey T. Kuhner President Obama’s budget puts America on the path toward Greece. It is a reckless document, a stunning betrayal of U.S. economic interests. By its own numbers, Obamanomics leads to national bankruptcy. Unless there is a dramatic course correction, we will share the bleak fate of the Greeks: riots, chaos and internationally imposed [...]
Sol W. Sanders Looking around the world, the striking characteristic is waiting out a number of crises. Their outcome seems almost artificially suspended, and their interaction on one another and their ultimate effect on the world is at issue. We start with the Euro. Chancellor Angela Merkel’s supplications in Beijing were perhaps laudable but a [...]
